{{subcategory.title}}

Money Dial is not a selling platform and we don't offer any products directly. That makes us unbiased and independent.Talk to us for any help that you need.

50000+ Clients already assisted by Money Dial.

Find Your Own Financial Advisor, Trusted, Verified & Nearby.

Frequently Asked

Questions (FAQs) on

Investment planning

What is Financial Planning ?

Financial planning is the process of objectively identifying the financial goals of your life and accordingly planning to achieve those goals. The goals of your life can be buying a house or funding for child’s education or foreign education for your kids or daughter’s wedding or retirement planning or any of such small of big goals for which you need to save money. In the process of financial planning, you draw an expected timelines for your goals and accordingly see how much to invest, where to invest so that those goals can be achieved easily.

How is Investment Planning different from Financial Planning ?

Investment Planning is a core component of Financial Planning. Financial Planning is a wider subject whereas Investment Planning is a part of it. Investment Planning is more about understanding how much to invest and where to invest your money, whereas Financial Planning starts much before that by estimating your risk profile, understanding your financial goals etc and even after investment is done, financial planning goes a few steps ahead of reviewing whether the investments made are going in that direction where you will be able to achieve your financial goals or not.

What are the steps involved in Financial Planning or Investment Planning ?

Financial Planning broadly speaking involves 5 steps :

Risk Profiling & Assessment of Goals

Analysing your financial health

Identifying how much to invest & where to invest

Implementing the Investment Planning recommendations

Track & Review the financial planning time to time

Your Financial Planner may also use various tools & analytics applications while doing the financial planning for you.

How does a Financial Planner help me ?

Financial Planning is a science and it requires fair amount of data analysis, research & strategy and then in-depth knowledge of investment products. Financial planning is not about buy a few SIPs or Mutual Funds or buying some stocks. Better that you don’t look at investment planning like that. There are Certified Financial Planners (certified by FPSB – Financial Planning Standards Board) who are well qualified and can be trusted to do your financial planning. A good financial planner or Investment planner makes the biggest difference on whether your planning goes right or wrong in the long run. Remember best financial planners don’t come for free. There are consultation charges that you have to pay to financial planners for taking their services.